Stock trading is an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth within the field. This review will be taking the time to look at Profit.ly, a well-recognized one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Robert Timothy Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders new to trading as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing all trades, something that was never done before.” The concept, he added, served two objectives: one) making public records for not just the gurus, but also the students and newsletter writers, and 2) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Robert Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward success. You can create an account there for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money from their collective years of expertise. Robert Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Robert Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition, you’ll also get access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this package you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. This plan allows that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for those anticipating this level. Robert Timothy Sykes
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, where customers can choose from a wide array of videos that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be more laid back and less active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Robert Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services the platform has to offer
The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep curiosity. Robert Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser loss and perform better than before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Robert Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard. It lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market left and right.